Vale denies suspension of Argentina potash project

10:05 AM MST | January 25, 2013 | Francinia Protti-Alvarez

Vale (Rio de Janeiro) says it has not suspended its Rio Colorado potash project at Mendoza, Argentina, but that it has instead extended construction workers' end-of-year break while it evaluates changes to the economics of the project. Vale issued its clarification following reports that suggested the company had suspended work on the $6.00-billion potash project. The Mendoza government has made similar statements denying the reports. The Rio Colorado project, approved in December 2011, was initially scheduled to commence producing 4.3 million m.t./year of...